SEPTEMBER 2024 UPDATES
FUND III
Closed their biggest sales month on record with $120K booked, including their first international deal in the Canadian Okanagan region: a 2 ranch install with Mark Anthony Group and a 110 acre expansion deal at their Naramata ranch.
Further established relationships with significant commercial partners, including one of the world's largest 5G antenna design and production firms. Moved into late stages with a top-tier COO candidate.
Released their MVP product for automated dynamic grid planning system with AI-based power flow. Selected by a large US investor-owned utility for an automated dynamic planning project.
Came out of stealth mode and officially launched their website and LinkedIn. Released all engineering drawings for their next build of 10 vehicles and supporting charging infrastructure.
FUND II
Closed $86K with new logos including major contracts with National Sorghum Producers and General Mills.
Secured a contract with Ra Foods, representing 10,000lb/month of alfalfa seeds. Identified a new opportunity with artichoke seeds after unlocking a 9% increase in germination rates.
Signed two new customers and celebrated 1M bags reused with CookUnity at an invite-only event for Climate Week NYC, with representatives from Target, Amazon, Thrive Market, Compass, and many others attending.
The Integrated Financing solution finished a record third quarter with 35 credit applications received and $2.5M closed. Scheduled 13 more demos with lenders interested in licensing Enpowered’s proprietary software to achieve operational efficiency in the financing space.
Developed their engineering samples for a foundational platform component that will support product expansion into the contractor channel.
Successfully transitioned to a direct bank integration and celebrated the re-launch with the ‘Ultimate Electric Roadtrip’ Sweepstakes to Billie Eilish’s U.S. tour opener.
Finalized their scaling plan to enable manufacturing capacity of 1 refueling system per month by mid 2025, equivalent to about $50M in annual revenue.
Signed a new customer representing $30K ARR. Attended IREPAS Conference in Paris, exhibited at Scrap Expo in Louisville and attended the Roundtables in Chicago, altogether adding $400K to the top of their sales funnel. Saw a 3x increase in sales activity after resuming targeted sales enablement.
Brought their software integration with Southern California Edison's billing platform live. Launched their first solar program in the Southern California Edison utility area, a 338 kW program at West Side Plaza in San Bernardino, CA, serving over 20 local businesses.
In procurement with one of the top 3 sportswear manufacturers to streamline geometric data pipelines for their injection molding process.
Landed a contract with their biggest client to date, Southern California Edison.
Signed new OEM customers and entered final procurement with 2 Fortune 50 companies for their hydrogen product. Began development and market engagement on their second coverage sector, data centers.
Launched EcoRail 4.0 to all customers, introducing a new platform with more responsive maps, significantly improving the user experience and accelerating the development of new features. Demonstrated fuel savings up to 21% with no time delays for Watco at their simulator training facility.
Signed an agreement with an auto OEM for a $1M POC with a total addressable market of $10B supplying battery storage systems for remote energy resiliency. Selected as one of 12 companies for the CalTestBed program sponsored by the California Energy Commission.
Selected from hundreds of applicants for the C100 2024 Fellows Program. Officially launched AITE’s marketplace (powered by Tengiva) on September 30. AITE represents 90% of the Ecuador textile market, which could lead to 500 businesses onboarding to drive significant transaction based revenue.
FUND I
Launched their new product SulfideFix, which removes up to 99.9% of hydrogen sulfide with no chemical addition or production downtime. Featured at the Bloomberg Innovation Summit discussing water and climate issues with Water.org founders Gary White and Matt Damon, and fellow Earthshot finalist Boomitra.
Successfully expanded ARR by $118K with one of the largest real estate asset managers in the world. Kicked off an engagement with one of NY's pre-eminent asset managers with $50B AUM.
FrostCC is continuing to advance on its first-of-a-kind 100,000 tonne per year carbon capture project with a large pulp and paper company.
Launched partnership with KFC Mexico, transforming their iconic Zona Rosa branch with over 229,000 chopsticks and 11,560 kgCO2e saved for a complete remodel of this first collaborative location.
Expanded partnership with a long-term client by adding five new Scandinavian farms representing 250 MW, and secured a new long-term partnership in South America, where Clir's Intelligence Platform will identify in-depth insights into risk factors affecting wind and solar assets.
Installed their 900th thermostat and are installing the first few pilot sites for Dutch Bros, representing their largest pilot opportunity to date ($1.2M ARR) and marking the launch of a lighting control solution and asset level metering solution.
Formally announced its partnership with IHS, a major cell tower operator across Africa, and surpassed 3,000,000 battery swaps across over 100,000 customers.
Technical developments in rapid AI driven ESG disclosure compliance assessments lead to expansion opportunities with clients in the insurance and financial services space. Engaged in continued experimentation to fine tune product market fit with ideal customer profiles.
Met with several potential partners and explored avenues to exit or merge the business with larger ESG entities to address resource and growth gaps.
Ranked #137 on the Globe and Mail's list of Canada’s Top Growing Companies 2024. Partnered with Sweet Nothings to support a new product launch at Sprouts Farmers Markets. Engaged 5,000+ community members with 2,917 offer redemptions leading to 2,106 reviews.
Doubled MoM charging deployment and surpassed 10,000 charging stations installed.